Housing
Rent caps ‘impeding’ Ireland’s ability to attract property investment
Speaking at the Glenveagh AGM Stephen Garvey, the property developer’s chief executive, questioned whether the caps were the having the desired effect
Rent caps are impeding Ireland’s attractiveness as a destination for property investors, according to Stephen Garvey, chief executive of property developer Glenveagh.
Garvey said the amount of capital required was the biggest challenge to housing targets, and that policymakers had to be conscious of the global “competition for capital”.
“We have a bond market in the US that's paying much higher rates than it ever did in the last 10 years. Investors can move their ...
